Florida Statute 617.830 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 617
CORPORATIONS NOT FOR PROFIT

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F.S. 617.0830

617.0830 General standards for directors.—

(1) A director shall discharge his or her duties as a director, including his or her duties as a member of a committee:

(a) In good faith;

(b) With the care an ordinarily prudent person in a like position would exercise under similar circumstances; and

(2) In discharging his or her duties, a director may rely on information, opinions, reports, or statements, including financial statements and other financial data, if prepared or presented by:

(a) One or more officers or employees of the corporation whom the director reasonably believes to be reliable and competent in the matters presented;

(b) Legal counsel, public accountants, or other persons as to matters the director reasonably believes are within the persons’ professional or expert competence; or

(c) A committee of the board of directors of which he or she is not a member if the director reasonably believes the committee merits confidence.

(3) A director is not acting in good faith if he or she has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection (2) unwarranted.

(4) A director is not liable for any action taken as a director, or any failure to take any action, if he or she performed the duties of his or her office in compliance with this section.

History.—s. 52, ch. 90-179; s. 90, ch. 97-102.

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Amendments to 617.0830

Annotations, Discussions, Cases:

Cases Citing Statute 617.0830

Total Results: 3

Fox v. Professional Wrecker Operators of Florida, Inc.

801 So. 2d 175, 2001 Fla. App. LEXIS 16954, 2001 WL 1516949

District Court of Appeal of Florida | Filed: Nov 30, 2001 | Docket: 1495580

Cited 30 times | Published

Appellees As Directors of The Corporation Section 617.0830 sets forth the standards of performance required

In Re Maison Grande Condominium Ass'n, Inc.

425 B.R. 684, 72 U.C.C. Rep. Serv. 2d (West) 575, 22 Fla. L. Weekly Fed. B 257, 63 Collier Bankr. Cas. 2d 872, 2010 Bankr. LEXIS 185, 52 Bankr. Ct. Dec. (CRR) 197

United States Bankruptcy Court, S.D. Florida. | Filed: Jan 13, 2010 | Docket: 2557905

Published

association." Fla. Stat. § 718.111(1)(d). Fla. Stat. § 617.0830 sets forth the standards for performance by directors

State v. Justice

624 So. 2d 402, 1993 WL 372169

District Court of Appeal of Florida | Filed: Sep 24, 1993 | Docket: 475651

Published

corporation's bylaws; however, in light of section 617.0830, Florida Statutes (Supp. 1990) (general standards